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Gold/Mining/Energy : Gold & Gold Stock Analysis

GLD 399.01

+0.1%

Dec 19 4:00 PM EST

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To: jimsioi who wrote (16813)	12/27/2008 5:16:44 PM
From: kayco	Read Replies (3) of 29622

Jimsioi - I agree. Today Niall Ferguson in FT was speculating re 2009 said: "Any hope US could depreciate its way out from under its external debt burden faded as 10 year yields stayed high and the dollar held firm." This is just his speculation on 2009, but if dollar stayed high this would not be good for gold. The thing that gives me hope is that gold shares stayed sky high during the depression. The only way I can figure this out is that the gov. bought all the gold you could produce at $35.00 so gold miners were the only factory that had a guaranteed market and could produce at 100% during the depression. Gold "factories" at that time were in reality disconnected from deflation since gov. had fixed the price of gold.

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